Remodeled Duplex Income
For Sale
$415,000
5617 Victor Street, Dallas, TX 75214
Remodeled duplex with one vacant unit and one leased unit expiring Sept 30, 2026.
Property Size1,473 SF
Days on Market52
Property Features for 5617 Victor Street
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Duplex
Occupancy
50%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,983
Building Details
Building Size
1,473 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
BK Real Estate
Listed By:
Harrison Sharp · License #0735232
(972) 677-9172
Source:
Nilesrealtygroup
Added: Jul 25
Changed: Sep 6
Last Checked: Sep 13 at 11:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BK Real Estate
Investment Insights
Based on property information with market context.
This fully remodeled duplex includes two separate sides, with 5619 currently vacant and available for showings. 5617 is currently leased through Sept 30, 2026. Each side features a distinct layout: one unit offers a spacious one-bedroom arrangement with a renovated bathroom, while the other provides two bedrooms and an updated one-and-a-half bathroom.
Recent improvements include two brand-new HVAC systems, an updated plumbing system, redesigned kitchens with quartz counters and a modern backsplash, new LVP flooring, and fresh interior and exterior paint. The roof was replaced in September 2022, and the foundation has been completely rebuilt. The property is located at 5617 Victor Street in Dallas, TX 75214.
Recent improvements include two brand-new HVAC systems, an updated plumbing system, redesigned kitchens with quartz counters and a modern backsplash, new LVP flooring, and fresh interior and exterior paint. The roof was replaced in September 2022, and the foundation has been completely rebuilt. The property is located at 5617 Victor Street in Dallas, TX 75214.
Key Highlights
- Fully remodeled duplex (Year built 1924) with 1 vacant unit for showings and 1 leased unit.
- Unit 5617 leased for $1,225/month with lease expiration on Sept 30, 2026.
- Recently updated with 2 brand‑new HVAC systems and an updated plumbing system.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$518,000
$518.0K
Cap Rate 7%
$370,000
$370.0K
Cap Rate 9%
$287,778
$287.8K
Market Conditions
NOI Build-Up for 1,473 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.2K $27.96/SF
− Vacancy
−$4.2K −$2.84/SF
EGI
$37.0K $25.12/SF
− OpEx
−$11.1K −$7.54/SF
NOI
$25.9K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$518,000
Cap Rate 7%
$370,000
Cap Rate 9%
$287,778
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,900 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$320.0K
$280.0K – $373.3K
NOI $22,398 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,724 @ 7.0% cap · market cap 29.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 75214, TX
35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with one vacant unit and one leased unit expiring Sept 30, 2026.
Where is this duplex located?
The property is located at 5617 Victor Street Dallas, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Fully remodeled duplex (Year built 1924) with 1 vacant unit for showings and 1 leased unit.; Unit 5617 leased for $1,225/month with lease expiration on Sept 30, 2026.; Recently updated with 2 brand‑new HVAC systems and an updated plumbing system.
